🚀 Crypto Greed Returns: Bitcoin & Ether Soar After Powell’s Supportive Tone
📊 Fear Turns to Greed
The Crypto Fear & Greed Index jumped from Neutral (50) ➝ Greed (60) in just a day.
Powell’s Jackson Hole speech flipped sentiment bullish after hinting at possible rate cuts.
💰 Bitcoin Breaks Higher
BTC surged 5% to about $115.
Short traders were squeezed, with $379.9M liquidated in 24 hours.
ETH soared 11.5%, reclaiming its 2021 all-time high near $4,878.
Experts call ETH the “most rate-sensitive” crypto due to its strong ties with DeFi yields.
🏦 Fed & Markets Aligned
75% of traders expect a rate cut on Sept 17 (CME FedWatch).
Powell’s supportive stance is seen as setting the stage for easier liquidity and risk-on markets.
Some Fed officials remain cautious, saying more data is needed.
📈 What It Means for Crypto?
Historically, rate cuts = liquidity boost ➝ fuels crypto rallies.
Market sentiment suggests Powell’s words may have triggered the next leg up.
👉 In short: Powell gave crypto exactly what it wanted — a hint of easing policy — and markets answered with Bitcoin & Ether fireworks 🎇
